Hello,
I have found an indicator called Effort index for Amibroker. I think it'll be helpful to have it for MT4, because i couldn't find a similar version. It could be helpful, maybe in combination with other indicators such as Better volume.
Unfortunately I don't use Amibroker, therefore, I don't really know the logic behind this AFL code.

Agree but...If you compare the price feeds from several brokers price tends to move pretty much in harmony across the market. Effectively, the data pool is normalised on each platform as you're not comparing tick volume from one provider vs another - you're comparing tick volume from one provider against the price movement from the same provider for the same pair on a bar by bar.Please read the information regarding this indicator.